You are here: Home » News »

Wells Fargo To Test $3 A Month Debit Card Fee

08/17/2011 12:55 pm 3 comments

Source: CNN Money

New York- Yet another of the nation’s top banks is flirting with the idea of charging a monthly fee to customers who use debit cards.

Wells Fargo (WFC, Fortune 500) said Tuesday it will start charging a $3 monthly fee for debit card usage to customers in Georgia, New Mexico, Nevada and Oregon beginning Oct. 14.

“We regularly review our pricing and take into account the needs of our customers, industry trends, the market competition, and our cost of doing business,” a Wells Fargo spokeswoman said. Customers who don’t use their card during the month won’t be charged the fee and the fee will be waived for select accounts, she added.

At the end of last year, JPMorgan Chase (JPM, Fortune 500) announced a similar test, in which it charged customers in northern Wisconsin a $3 fee for using their debit cards. The tests are still underway, a Chase spokesman said Tuesday.

To read this article in its entirety visit CNN Money.

Sphere: Related Content

Bank Of America Plans To Cut 30,000 Jobs

Source: CNN Bank of America expects to cut 30,000 jobs in the 'next few years' as it moves to refocus its ...

HSBC Posts $11.5 Billion Profit, Announces Plan To Slash 25,000 More Jobs

Source: Steve Slater and Sudip Kar-Gupta / Reuters / MSNBC London - HSBC will shed 30,000 jobs as it retreats from ...

Apple Now Has More Cash Than The U.S. Government

Source: Brandon Griggs / CNN According to the latest statement from the U.S. Treasury, the government had an operating cash balance ...

Employers Offer Employees Incentives To Move In Or Near Downtown Detroit

Source: AP / Forbes Detroit - About 16,000 employees at five Detroit-based companees will be offered $4 million in loans and ...

Casino Magnate Steve Wynn Says Business Owners ‘Fear’ President Obama

Casino magnate Steve Wynn blasted Obama on a recent conference call with investors, saying business people are sitting on their ...

Borders To Close Remaining Stores

Source: MSNBC. Borders, unable to find a seller willing to get it out of bankruptcy, plans to close its remaining 399 ...

Netflix Customers See Red After price hike

Source: Mark Milian / CNN If Netflix had filed Tuesday's price-hike news in a movie genre, it would be either drama ...

GM’s First-Quarter Profit More Than Triples

Source: MSNBC Detroit — General Motors said Thursday its quarterly profit more than tripled, beating expectations, driven by a recovery in the ...

Federal Reserve Chairman Ben Bernanke Holds First Fed Press Conference In History

Source: Dan Arnall / ABC News At 2:15 p.m. ET, Ben Bernanke, chairman of the Federal Reserve, will make waves ...

New Products Drive Ford To $2.6 Billion Quarterly Profit

Source: USA Today Ford today reported a $2.6 -billion profit in the first quarter, up 22.4% from a year ago and ...

Bank Of America Plans To Cut 30,000 Jobs

HSBC Posts $11.5 Billion Profit, Announces Plan To

Apple Now Has More Cash Than The U.S.

Employers Offer Employees Incentives To Move In Or

Casino Magnate Steve Wynn Says Business Owners ‘Fear’

Borders To Close Remaining Stores

Netflix Customers See Red After price hike

GM’s First-Quarter Profit More Than Triples

Federal Reserve Chairman Ben Bernanke Holds First Fed

New Products Drive Ford To $2.6 Billion Quarterly

Mamahall99

I was going to move more of my money into my Wells Fargo checking, that changes my mind.
Mamahall99

I was going to move more of my money into my Wells Fargo checking, that changes my mind.
ConcrndStdnt&Ctzn

Where do they think we get our money from trees grown in our backyard. Soon we will be paying a fee for withdrawing money from our accounts. I was going to open an account with them but I am not going to do it now. Soon enough it will be better to keep money under your mattress. Interest rates aren’t as good what next?

More from the Roland S. Martin Blog

Politics Washington Watch
Rep. Clyburn Pushes The Clyburn Amendment To Help The Poorest Of The Poor (VIDEO)

Rep. James Clyburn joined Roland Martin on the set of Washington Watch to discuss the Clyburn Amendment. This amendment was created to help the poorest of the poor across the United States. MR. MARTIN: Is there anything specific the President and Congress can do to target African-Americans when it comes to this high unemployment number? REP. CLYBURN: Yes, there is, and we – you’ll find it in the rule development part of the so-called “stimulus bill.” I- — was – [...]
Read more →
News
WASHINGTON WATCH: Rep. James Clyburn On Feb. Job Numbers, African-American Unemployment, Bipartisan Jobs Bill (VIDEO)

New employment numbers came out Friday showing the economy continues to recover and continues to add jobs at a pretty healthy pace. There were 233,000 private-sector jobs created in February. That’s two, solid years of private-sector job growth. The unemployment rate was steady at 8.3 percent. Black unemployment was 14.1 percent, up half a percentage point from last month. Big job gains came in healthcare, business and professional services, as well as restaurants. The jobs problem and the upcoming election [...]
Read more →
Commentary Sports
ROLAND S. MARTIN: Props To NCAA For Banning Connecticut From March Madness

By Roland S. Martin Editor-in-Chief RolandMartinReports.com March Madness is usually a wild and crazy time on the campuses of the nation’s big-time college basketball programs as fans wait in line for days for tickets to see their favorite collegiate do battle in the NCAA postseason tournament. But if you’re a Connecticut Huskie fan, you’d better hope your team can have a magical run in the Big East tourney and qualify for an automatic bid because when it’s time for [...]
Read more →
Media Politics Roland Martin On CNN Video
Getting To The Polls: Is There An Enthusiasm Gap Amongst Republican And Democratic Voters?

Donna Brazile, Roland Martin, Ari Fleischer, Erick Erickson, Jessica Yellen and Anderson Cooper analyze voter turn out and if there is an enthusiasm gap amongst the GOP and Democrats. Sphere: Related Content
Read more →
Media Politics Roland Martin On CNN Video
Gingrich Has Problems With Women Voters, They Don’t Trust Him (VIDEO)

Roland Martin, Erick Erickson, Donna Brazile, Ari Fleischer and Anderson Cooper discuss Mitt Romney, Newt Gingrich, their wives and Gingrich’s problems with women voters.
Read more →
Commentary Sports
ROLAND S. MARTIN: Football Power In Texas Has Shifted To Houston

By Roland S. Martin Editor-in-Chief RolandMartinReports.com I hate the Dallas Cowboys. No, I don’t dislike them. I flat out cannot stand anything about the Dallas Cowboys. The year they went 1-15, I was ticked they won that one game. When they played in those three Super Bowls in the ’90s, I rooted hard for the opposition. Hell, I hate them more than the Ku Klux Klan! That’s why I take great pleasure in seeing the transfer of power in the [...]
Read more →
Politics
Herman Cain Tops Mitt Romney In Latest CBS/NYT Poll

Source: Corbett B. Daly / CBS News CBS News Poll analysis by the CBS News Polling Unit: Sarah Dutton, Jennifer De Pinto, Fred Backus and Anthony Salvanto. Businessman Herman Cain is now atop the field of Republican White House hopefuls, squeaking past former Massachusetts Gov. Mitt Romney in the latest CBS News/New York Times poll. Cain garnered 25 percent support of Republican primary voters in the poll released on Tuesday, compared to Romney’s 21 percent. To read this article in its entirety [...]
Read more →
Politics
Rick Perry: Obama Birth Certificate ‘A Good Issue To Keep Alive’

Source: Luke Johnson / The Huffington Post Texas Gov. Rick Perry said the birther issue was worth “keeping alive” in a CNBC interview Tuesday morning. “It’s a good issue to keep alive. It’s fun to poke at him,” said Perry, according to host John Harwood. Perry also spoke evasively about President Barack Obama’s birth certificate in an interview with Parademagazine published over the weekend. When asked if he believed the president was born in the United States, he said, “I have no reason to think [...]
Read more →
Video
What Did You Think Of The GOP Debate? (VIDEO)

CNN’s T.J. Holmes caught up with some folks just after the Las Vegas GOP debate ended. WATCH: Sphere: Related Content
Read more →
Video
Poverty Rises For Blacks In Omaha (VIDEO)

CNN’s Thelma Gutierrez reports on the disproportionate rate of poverty among African-Americans in Omaha, Nebraska. WATCH: Sphere: Related Content
Read more →

← previous next →

Trending On RolandSMartin.com

More from the Roland S. Martin Blog